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Compare reverse mortgage specialists in Margate. Review contact information and insurance categorys before you decide.
3 agents listed
Updated May 2026
Margate, FL
Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the Florida before hiring.
Showing 3 reverse mortgage specialists in Margate, FL
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Kingdom Lending Group Corp.
441 S State Rd 7 Suite 19A, Margate, FL 33068
9549774104
Maxout Lending Corp
441 S State Rd 7 Ste 9D, Margate, FL 33068
9549779024
interval mortgage solutions
1867 Banks Rd, Margate, FL 33063
8445145774
A reverse mortgage specialist in Margate, Florida helps homeowners aged 62 and older convert part of their home equity into cash. Florida law requires borrowers to receive counseling from a HUD-approved agency before obtaining a Home Equity Conversion Mortgage. Margate residents can use these funds for home repairs, medical expenses, or supplementing retirement income.
What Does a Reverse Mortgage Specialist in Margate Cost?
Typical costs for a reverse mortgage in Florida include an origination fee of up to 2 percent of the home value, a mortgage insurance premium of 2 percent of the appraised value, and third-party fees such as appraisal and title search. Total closing costs often range from 2,500 to 8,000 dollars. These costs can be financed into the loan. This is general information, not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What are the age requirements for a reverse mortgage in Margate Florida?
Borrowers must be at least 62 years old. If a married couple applies, both spouses must be at least 62. Florida law does not allow exceptions to this age requirement.
Do I need to own my home free and clear to get a reverse mortgage in Margate?
No, you do not need to own the home free and clear. You must have significant equity, and any existing mortgage or liens will be paid off with the reverse mortgage proceeds. Florida law requires the home to be your primary residence.
What happens to the reverse mortgage when the borrower dies in Florida?
When the last borrower dies, the loan becomes due. Heirs have 30 days under Florida law to decide to pay off the loan or sell the home. If they sell, any remaining equity goes to the heirs.
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About Our Listings
Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state mortgage licensing authority records, and business listings. Inclusion does not constitute endorsement. We do not verify broker licensing, disciplinary status, or qualifications. Verify each broker's current standing with the Florida.